People suffer from confirmation bias, basically They only look at the data that confirms their beliefs. Hence when an 'expert' such as Dorab Mistry makes a prediction (forecast) they only thing that matters is the data confirms the trader's position.
So, human beings' fear of tail risk events are exploited by the conspiracy theorists who prey on that fear. One example is on how when the General Elections are finally called, the stock market will crash in Malaysia. This has been going on for over a year, in the meantime, we see the rally to new all time highs last week. Worst still are predictions of imposition of emergency martial law is the BN coalition loses the GE. Basically hogwash. Another example is how the traders in the futures markets on Bursamalaysia all whine about the algos disrupting their trading, and it was 'not fair'...